S&C Advises Honda in First SEC-Registered Offering

April 1, 2022

Honda Motor completed its first SEC-registered offering of notes, totaling $2.75 billion, on March 10. The notes were marketed as green bonds, with the proceeds to be used to fund Eligible Green Projects, including the development of zero-emission vehicles, in accordance with Honda's newly-established Sustainable Finance Framework. These are the first green bonds issued by Honda.
Founded in 1948, Honda is a multinational producer of automobiles, motorcycles and power equipment. Honda has announced its goal of achieving carbon neutrality for all products and corporate activities by 2050.
The S&C team that advised Honda included Keiji Hatano, Nirav Mehta and Shihui Xiang in Tokyo; Jeff Hochberg, Saul Brander, Bella Schapiro, Saul Brander and Eli Dubin in New York; and Kirsten Rodger and Gabriela Necula in London.